Finance
What is a 'jumbo loan' in Idaho mortgage financing?
AAny loan over $100,000
BA loan that exceeds the conforming loan limit set by Fannie Mae and Freddie Mac✓ Correct
CA loan for commercial real estate
DA government-backed loan for large properties
Explanation
A jumbo loan exceeds the conforming loan limit (set annually by the FHFA) and therefore cannot be purchased by Fannie Mae or Freddie Mac. Jumbo loans typically have stricter qualification requirements.
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